JP Morgan's trading guru says the market is underappreciating the risk of a conflict with Iran
The market is ignoring ongoing US-Iran tensions, which is a mistake, according to JPMorgan's Marko Kolanovic.
The market is ignoring ongoing US-Iran tensions, which is a mistake, according to JPMorgan's Marko Kolanovic.
The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world's two largest economies.
Retirees living on fixed budgets count on one change every year: Social Security's annual cost-of-living adjustment. In 2020, beneficiaries got a 1.6% increase to their checks. New estimates point to how much next year's boost may be based on current data.
China has agreed to increase purchase $76.7 billion worth of U.S. goods in the first year of the newly signed Phase 1 trade deal with the United States, with $123.3 billion slated for the second year, according to the text of the agreement released on Wednesday.
Chinese President Xi Jinping told U.S. President Donald Trump in a letter that he welcomes the Phase 1 trade deal reached with the United States and that he is willing to stay in close touch with the American leader.
U.S. stocks came off their session highs on Wednesday after the United States and China signed a long-awaited Phase 1 trade deal that will roll back some tariffs and boost Chinese purchases of U.S. goods and services.
U.S. President Donald Trump on Wednesday urged Boeing Co to move quickly to resolve issues with the grounded 737 MAX, noting the planemaker's significant impact on the U.S. economy.
U.S. President Donald Trump and Chinese Vice Premier Liu He signed a deal on Wednesday in the White House that cut some U.S. tariffs on Chinese goods in exchange for Chinese pledges to purchase more of American farm, energy and manufactured goods and address some U.S. complaints about intellectual property practices.
Goldman Sachs Group Inc will set an expense target at its investor day later this month, management said on Wednesday, after the bank missed Wall Street profit expectations due to inflated costs.
Digital and card payments have increased dramatically over the past few years, according to Federal Reserve data. While the trend poses benefits like speed and consumer ease, it also brings up data privacy and cash-flow issues.
U.S. President Donald Trump on Wednesday said he would remove all U.S. tariffs on Chinese imports as soon as the two countries completed the Phase 2 part of their trade agreement, adding that he does not expect there to be a Phase 3 pact.
The long-awaited U.S.-China trade deal unveiled on Wednesday touted new wins for U.S. financial firms looking to access China's $4 trillion financial market, but many of the changes were already in train even before the trade war ignited.
A software update for the GTF engine on Airbus' smallest jet, the A220, is expected in the spring, pending regulatory approval, a top executive at United Technologies Corp's Pratt & Whitney aircraft engine division said on Wednesday.
U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.
The S&P 500 rose to trade near all-time high on Wednesday after the United States and China signed a Phase 1 trade agreement and pledged to resolve their longstanding tariff dispute that has roiled financial markets in the recent years.